josh lipton has more google's c spot. he wanted employees to feel free to express themselves, but doesn't want to be thought of as al bi and bullying at his company. he decided the om option was to fire james demore. he said that the engineer had violated the company's code of conduct. that code says googles are expected to do their utmost to create a culture free of harassment, intimidation, bias and unlawful discrimination. he believes he violated that code when he wrote a ten-page memo arguing that innate differences between the sexes coul lack women working in tech. for example, he wrote, women on average have more openness directed towards feelings and aesthetics rather than ideas. women generally also have a stronger interest in people rather than things relative to men. these two differences in part explain why women relatively prefer jobs in social or artistic areas. googlers were outraged by that memo. some even threatening to quit in protest. he was accused of sexism and some believe he made the right call. >> i

josh lipton has the biggest take away from apple's big quarter. >> 41 million. that was one big number in apple's latest earnings report. refer to the number of iphones bette than expected. analysts thought they would ship 40.7 million units. i had a chance to speak briefly with tim cook. he says the demand was better indice be he took down iphone inventory by more than 3 million units in the quarter. he said there is pause going on here. in order, consumers aren't buying because they're waiting for the new iphone to come out, which we expect in the fall. for "nightly business report," i'm josh lipton, cupertino, california. >> let's turn to timothy for more on apple's earnings and what he sees for the company. nice to see you again. welcome back, tim. >> thanks for having me, sue. >>t with apple itself from a stock performance. hit a new high. you're still bullish though. >> right. we you know, when we look at stock, we look at what we its fair value is. we feel it's been trading at a discount really for a long time, so, you know, trailing earnings like we saw

josh lipton has the details. >>> cisco reporting 61 cents on revenue of 12.1 billion. in terms of product revenue performance, switching and routing revenue decreasing 9%. deliberation down 3% wireless and security increasing 5% and 3%. looking ahead, cisco forecasts eps between 59 and 60 cents and revenue to decline between 1% to 3%, in line with forecasts on the conference call analysts asked ceo chuck robbins about the switching business here's what he said. if you think about our guide last quarter, we anticipated that we also knew at the time that we were going to be making the announcement in june about the new platform so we anticipated these results. any time we do a major platform announcement, particularly in switching, there is a period of time where our customers pause, because they want to understand what this means. so we did see a pause. we actually anticipated it but we saw great traction with the new platform >> another topic on the call, spending by the u.s. federal government remember, that was called out as a sore point last quarter. robbins saying

josh lipton is joining us with the highlights hi, josh >> reporter: hi, sara.tim cook at apple headquarters, the demand for iphones was stronger than he suggested because he had to draw down the unit by 3 million units in the quarter and consumers are putting off iphones as they wait for the new product coming in the fall cooktelling me the noise or reports, rumors and so forth are at a different frequency and volume than we've ever had before and it's clear because i'm getting comments from different people that there is a pause, but despite that, i feel great about how we did one surprise in the quarter was the performance of the ipad. unites unites jumped 15%. it was better than the 9 million expected cook saying the ipad launch we did at tend of march and the ipad pro announcement from june both were received extremely well and gave us the best compare on ipad that we've had in many, many quarters. we have picked up shares in major geography on ipad. cook called out the attraction ipad is seeing in schools and the enterprise >>> as for geographies, greater

termination of one of its employees over a controversial memo and the drama could last a while josh lipton joins us from san francisco with the latest, josh >> google's ceo clearly felt a red line had been crossed. that james demorai, the author of that divisive memo, violated the company's code of conduct with this manifesto. dimorai said innate differences between the sexes could, in part, explain the lack of women work until tech. writing women on average have more openness directed towards feelings and aesthetics rather than ideas women generally have a stronger interest in people rather than things relative to men these two differences in part explain why women relatively prefer jobs in social or artistic areas google has now fired him for that memo, described as offensive. says the ceo did the right thing. >> i think he meant to do it i think he wanted to create the controversy and the discussion he got his opportunity despite the fact he said he didn't get a chance to talk, he get plenty of chance to talk this is the consequences of what he did >> now, others aren't so sure, though

apple setting a date for the highly anticipated iphone launch let's get to josh lipton in san francisco>> melissa, mark your calendars. apple's big event will take place on september 12th, starting at 10:00 a.m. pacific the invite reads, let's meet at our place. please join us for the first ever event at the steve jobs here in cupertino. that day apple is expected to unveil three new iphones, successors to the 7 and 7-plus and a new premium model. apple, of course, is tight-lipped about what features that phone is going to boast rbc expects the following. wireless charging, upgraded processors with greater ar and br capabilities, and facial recognition among other features the cost, a rumored $1,000 if that's true, would probably just be the starting price with higher memory models demanding more investors are betting that the new phones are going to excite a lot of consumers, encourage them to upgrade to these new devices. that's why apple stock is surging more than 40% this year. not just phones, apple also anticipates to introduce a new watch, as well as upgraded apple tv be there on

we have maybe more color from josh lipton. rter: i just want to bring you guys a bit more from my chat with apple's tim cook. i wanted to ask him about greater china specifically i heard you guys talking about that you saw greater china ref two was down 10% that is the sixth straight quarter where it's been down so i wanted to get tim cook's thoughts on that region. cook telling me that revenue was very encouraging, better than had the previous quarter and better than i thoughtit would be if you look underneath, cook told me those numbers. you can see mainland china was flat year on year. i asked cook do investors need to adjust their expectations of what they can get from mainland china and cook told me he's certainly not adjusting his. on services, that did jump 22% it was 7.3 billion and that was better than expected on that business line, cook saying if you look at services, look at services are up 22% year on year and really a great quarter and we've achieved our goal of being a fortune 100 company earlier than we thought.

josh lipton is fabulous. >> opening bell in 4 1/2 minutes.erience unparalleled luxury at the lexus golden opportunity sales event before it ends. choose from the is turbo, es 350 or nx turbo for $299 a month for 36 months if you lease now. experience amazing at your lexus dealer. >>> live from the financial capital of the world, opening bell under 90 seconds on this tuesday, futures looking good. ten-year yields close to their highest in a week as retail sales and empire come in strong. we'll get more data later in the day. of course, you're watching earnings from retail home depot is the star of the morning. >> and i love when banks lead, i like it. and banks started the turn on friday remember that turn on friday, we had literally like a 4-hour bear market there and a lot of what turned the market was that the banks went up but also the semi conductors did not follow nvidia down and under close observance, nvidia was a good quarter there's a lot of bitcoin on nvidia bitcoin you almost have to talk about it every day is it a bubble >> wow on

josh lipton is monitoring it -- >> you see cisco shares here in the red here, but ceo chuck robbins tryingo sound a bullish tone, saying that the core business is better positioned for the long term, though acknowledging this is a multiyear transition he began the call by talking about that security business, revenue up 3%. he said that cisco is positioned as the number one enterprise security vendor. cisco's executives saying they do expect an up tick the first question out of the gates was about the switching business you saw revenue down 9%, analysts asking, switching is versus a tough year, what do you expect here is what robbins had to say. >> if you think about our guide last quarter, we anticipated this we also knew at the time that we would be making the announcement in june about the new platform, so we anticipated these results. anytime we do a major platform announcement, particularly in switching, there is a period of time where our customers paw, because they want to understand what this means. so we did see a pause, and we actually anticipated it, but we saw a great traction

. >> thank you, josh lipton. >> cloud stocks has been reign ng the profits over the past year with box leading the way. soaring up 47% also workday up a solid 27%. and sales force is up more than 18%, so could cloud stocks be your best bet in tech? what could be worth a buy at this point we left out a whole bunch of names. >> the one ei think workday in general is a very expensive stock. it's been in a lock in, whopper deal, when it start to fade, it's going to be troublesome ipg. growth pechts for a company like this, completely different i like the prospects of service now, the growth and multiple i'd much prefer. >> the reason why workday is on fire is because people are paying for that growth if they're at the end, it could be sold off. it's up 62% on a chart technical basis. it has not run out of gas. the it's a smooth chart. i'd still be a buyer >> go back to 20 o 14. workday had one of these ridiculous moves from 50 to 10 o 0 and 10 then fell off the cliff, so we're up against 110 as well. valuation, ridiculously expensive and the good news is operating margins, they crushed, wh

josh lipton will cover hewlett packard reports.e in the panel, we have cnbc senior market's commentator michael san toely here michael a strong day for retail. before we get to that, overall the declines in the markets, is that attributable to d.c. drama. is it part of the narrative? >> i think it's not linked to the headlines out of d.c. to be honest with you. i think it's the shadow that's been there for a while i don't think day-to-day this is what's going on. yesterday i called it a 1% bounce almost had pulled back 3%. and you saw investors reaching for some of the stuff that had just been beating down too much. so continuation of that today. energy stocks up, for example -- >> that's where retail would fit in too >> exactly via come was up half a percent >> foot locker was up 6% >> it's a little noisy i think the market is on the indexes, still a little bit in no man's land. we helden to two-thirds of yesterday's bounce, it's not bad, but not assigned that basically this choppy period is over in my view. >> we're moving into t

josh lipton has the results. >> josh, gopro reporting a loss of nine cents versus expectation of a loss 34% to 2997 million versus an expectation of 270 million. gross margins also clocking in better than expected at 36.2%. more than 1 million cameras shipped in the quarter the street had modeled around 852,000. spinning ahead to the q3 guide, that's also better than expected, kelly, gopro a loss of six cents, analysts expected 12 cents and on revenue of 300 million plus or minus 10 million the street looking for 297 million. what does the goerpo ceo nick woodman think about the results? kelly, we'll ask him he'll on "squawk alley" live and exclusive tomorrow tune in for that interview back to you >> guys, this is a pretty big beat i don't know how much you want to talk about gopro. are you owners of it >> no, we're not, so we're a value shop not really that appealing. i'm happy to see that they have beat expectations. it says the consumer, some consumer somewhere is doing pretty well, don't you think >> maybe that -- i don't know, is it the drones guys, you know, because, by the way, i

, trust me on that, of both the numbers and the call and the headline that we would expect from josh lipton when all of that happens. >>> we're going to take a quick break. we're going to come back and we're going to do final trades, next >>> missed the blitz, the call of the day or unusual activity with the najarian brothers no problem just go to cnbc.com/halftime to see the moves. the trades who is winning and who is losing plus, breaking news and analysis of all of the top stories. cnbc.com/halftimereport. where's jack? he's on holiday. what do you need? i need the temperature for pipe five. ask the new guy. the new guy? jack trained him. jack's guidance would be to maintain the temperature at negative 160 degrees celsius. that doesn't sound like jack. actually, jack would say, hey mate, just cool it to minus 160 and we're set. good on ya. oh yeah. that's jack. good on ya. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth

josh lipton is in san francisco to break it all down for us tonight. >> on the call of sales force, the ceo saying sales force is the first enterprise cloud software company to reach that $10 billion run rate they're now setting their sights on $20 billion he says they're going to hit that, in his word, in fairly short order. first question on the call was why the company maintained that operating margin forecast in 2018 executives saying listen, they're committed to growing that top line, expanding margins. they're also going to keep investing in innovation, in inf infrastructure they say that's important for long-term growth even if it does, they say, pressure near-term margins he also just talked to jim cramer where quickly the subject of an old rival came up. take a listen. >> you could see, we just pounded oracle in the quarter and you can see it in the market share numbers. sale force is considerably larger and the spread continues to go. you can see it in the top-line growth numbers look at that growth. we are forecasting now 24% growth for the year. we raised our revenue guidanc

box is out let's get to that one with josh lipton, josh >> kelly, box reporting a los here of 11 centseet was looking for a los of 13 cents. 121.7 million. turned to guide, kelly, saying to look for a loss of 13 to 14 cents on 120 to 129 million. that's basically in line for the year they improved the guide modestly they're not looking for a loss of 44 to 46 cents. it was at a loss of 46 cents and revenue they say they're looking for 503 to 056 million analysts and modell ele eled 506 million. for one he pointed out the large deals that got done saying we did eight deals above 500,000 versus four a year ago and four deals over a million dollars versus just a year ago so pretty significant increase he told me in the large deal categories of course, box has done a lot of partnerships with microsoft and ibm, about those partnerships, levies saying great momentum on the partnership broadly really strong quarter and it continues to put us into the position to being the central platform that works with all of these different technologies, applications, and services that our customers are usi

. >>> google has fired the employee behind the controversial memo on gender josh lipton joins us with more >> google's ceo didn't pull any punches. he wrote a memo to employees blasting james derori, the reported author of that divisive memo he said the engineer had violated the company's code of conduct. that says googlers are expected to do their jut most to create a workplace culture that is free of harassment, bias and unlawful discrimination he supports the right of employees to express themselves. he believes he violated that code whether he wrote that memo. remember, he argued that innate differences between the sexes could, in part, explain the lack of women working in tech even before the firing, a former senior googler said he thought he should have been escorted out of the building by security. others disagree, though. he also argued in the memo that google alienated its conservative employees commentators on the right have come to his defense. rich lowery said it is one thing to disagree with the memo and it is another ning to beliething te views therein should be forbidde

the heated reactions, josh is joining us now, josh lipton. >> that's right, the google engineer who was identified made series claims of women that led to a lot of anger here the lack of women working in tech is -- saying differences in distributions of traits between men and women may in part explain why we don't have 50% of rep presentations in women in tech and leadership. it is 19% for facebook and 23% for apple of women representing. all these traits which manifesto describes at females are the core traits which makes someone successful as engineering. daniel brown response, "i found that it advanced incorrect assumptions about gender, it is not a viewpoint that i or this company endorses, promotes or encourages." michelle, back tow >>> thank you very much, josh. lets talk more about this tech gender problem joining us now, the professor of the north eastern university and the professor that have written on issues of gender in tech. ladies and gentlemen, it is great to have you here it would be very easy to dump on these memos in a number of reason there is a lot of statements and

josh lipton is at one market in san francisco with that story. josh >> that's right, morgan. and apple ceo tim cook now weighing in, saying, i disagree with the president and others who believe that there is a moral equivalence between white supremacists and nazis and those who oppose them, by standing up to human rights, eit kuwaiting the two runs counter to our ideals as americans. apple is making contributions of $1 million each to the southern poverty law center and the defamation league. paypal is also removing nearly three dozen hate groups from its platform, including richard spencer's national policy institute. that's according to color of change, a nonprofit racial justice group. social media giants also taking action, facebook has now removed 12 group pages that it said violated hate speech policies, including white nationalists united, google canceled their registration of nazi website, daily stormer. now, navigating the line between free speech and censorship can be challenging nikko mele, director of harvard center on media, politics, and public policy says that

google is responding to a controversial anti-diversity memo written by a google engineer josh lipton has all the details. josh >> reporter: that's right, sara. the memo has upset many people here in silicon valley the google engineer who has not been identified argues that the lack of women in tech is due in part to biological differences between the sexes saying differences in distributions of traits between men and women may in part explain why we don't have 50% representation of women in tech and leadership some googlers were clearly angered by the memo and daniel brown, google's new vp of diversity saying it does not represent google's views we're unequivocal in our belief that diversity and inclusion are critical to our section as a company and will continue to be committed to it for long haul. and the article also said the company alienated conservative employees, and the ceo schmidt clearly disputing that. >> we operate the company under the principles that david and kent and i have outlined the company was founded under the principles of freedom of expression, inclusiveness an

google has fired the employee who wrote a controversial internal memo about women and technology josh lipton francisco with the latest on these developments josh >> that's right, david the memo violets google's code of conduct pachai saying to suggest a group of our colleagues have traits that make them less biologically suited to that work is offensive and not okay it is contrary to our basic values and our code of conduct, which expects each googler to do their utmost to create a workplace culture that is free of harassment, intimidation, bias and an unlawful discrimination google has now fired james demorey, the author of that article. demorey did not respond to requests from krn for comment. but the engineer is now apparently scloring possible legal remedies his ten-page memo set off a firestorm here in silicone valley and across the nation he argued that innate differences between the genders at least partially explains the lack of women working in tech and some on the right are not happy at all with how google handled this controversy they are coming to his defense saying he was fired

. >> now, apple announcing new strides into augmented reality at an event last night josh lipton joins more on its efforts. josh. >> that's right, kelly remember back in june at its developer store apple unveiled its ar kit, a set of tools to integrate augmented reality into their apps and now developers are taking the wraps off what they have been work on including a new game called the walking dead, our world, which allows players to face the apocalypse in their park or maybe in their living rooms and shows ar represents the next revolution in gaming, even more so he says than virtual reality >> it's something that we can do already on the devices that people own, so you don't have to go and buy a huge head set, for example, or anything to enjoy an immersive experience. >> simon gardner of climax studio has created another a.r. game called arise and he thinks it also represents a bold new chapter in gaming in part he says it can be very special social giving players the ability to immerse themselves-ins games alongside friends and family no. surprise that apple ceo tim cook is excite

. >>> we'll bring in josh lipton as we remind ourselves, it is still earnings season. >> eps of 61 cents billion analysts modelled 12.06 billion and just kelly looking through products, revenue performance, it looks like switching revenue down 9%. rounding down is 9%. wireless and security though it looks increasing, 5% and 3% respectively and turning to that q1 guide, cisco is modelling eps between 59 and 60 cents. saying revenue their modelling to decline between 1 and 3%. that would basically be in line with forecasts cisco's conference call starts at 4:30 eastern and we'll be on it, back to you. >> theirs down about 1.5%. any response >> we were looking for 61 cents and 12.08 billion in revenue this is a touch better, but the guidance is core this is not a big growing stock. it's a dimpbd's stock, there's no reason for us, at least for our clients to be holding this if you want to hold it long-term. >> clients are looking for growth here. growth is scarce they're going to go for showing growth this is not showing growth people had higher hopes for it, and it's not quite delivering he

watching and arguably and the biggest and most important earnings report of all, josh >> reporter: josh liptonthe three things to watch is one is apple's q 4 guidance a gross margin of 38.3%. if apple misses on that fwiguid, what does it tell us of all the reports we have been seeing o f the new flag ship iphones can be delays if it is delayed beyond that, past early november, that could pose a challenge of fiscal 2018 estimates. number 2 is services faster-growing services. and consensus estimates for services and finally greater china. revenue has fallen five straight quarters guys, back to you. >>> thank you very much josh brian, it is great to have you with us, one of the key issues that the story has been sort of growing to accept as a possibility delay in the iphone, will there be any sort of tales in term of guidance for the next quarter whether it will tip you off whether if there is a delay? >> we kind of calculated if there is a delay of the iphone 8, it is expected to unveil in september of a four or five billion dollars hit. we are above 49 billion and that's where the street is if

. >> let's get over to josh lipton and amberella's earnings. >> reporter: reporting eps of 40 cents versus 71.6 million analysts have been look for 70.5 million. non-gap gross margins clocking in at 63%. turning to the guide, kelly, amberella is looking for q3 revenue. 77.5 to 90.5 million that's basically in line on the wall analysts were playing questions about the core markets so that's security cameras, drones, wearable cameras as well as surely some questions about the new chips enabled for ai that call starts at 4:30 eastern. kelly, back to you. >> all right, josh thank you, amberella shares up 3% anything would you add there >> not too much, no. obviously, if it's well off its highs, kind of the fever broke after the whole gopro craze. did cool off a bit seems like a decent quarter and the market won't get too overexcited about it. >> yeah. david as well. by the way, when you're talking about some of the growth in this market, traditionally we would have in the past talked about a gopro and all the new exciting devices and things i mean, what's more interesting to you guys when it c

let's get to these with josh lipton who has those numbers joshua >> salesforce reporting an eps of 13ue up 26% to 2.56 billion analysts had called for 2.51 billion. deferred revenue, kelly, 4.82 billion, and turning to q3 guide, salesforce is looking for 36 to 37 cents, basically in line on 2.64 to 2.65 billion and in a statement salesforce ceo mark benioff saying we had a phenomenal quarter of growth reaching a huge milestone for the company picking the first enterprise cloud software company to break the $10 billion revenue run rate of course, the stock has had a big run before this, kelly, you know, heading into this print. already up more than 35% so far this year. call starts at 5:00 p.m. eastern, and we'll be back to you. >> thanks. ceo mark benioff will join jim cramer on "mad money" to talk about the results at 6:00 p.m. eastern time cass drag, the stock down 3% now. you got a strong view on salesforce >> not surprised that it's down. i think that it was up, had a nice run up in anticipation of earnings i mope, i think the valuation of the company is stretched a little bit up